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Politics : Politics for Pros- moderated
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To: John Carragher who wrote (60918)8/16/2004 7:20:07 PM
From: Ilaine  Read Replies (1) of 793810
 
I think by "tax loopholes" kholt meant the grey areas, the ones that some won't take because they just don't want the hassle or the risk. If a statute has grey areas, you can always find an accountant who will interpret it in a way that is helpful to you, but a really good accountant should tell you that the matter remains unsettled.

If you are really bold, you can go with your interpretation even when the IRS says you're wrong, and litigate it, and maybe even win.

But tax lawyers have a saying, "little pigs get fed, big pigs get stuck." The tax courts have ways of dealing with greedy tax dodgers that are not pretty. I am not a tax lawyer, and am very reluctant to opine about taxes unless the issue is very clear cut.
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